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Ugg - All I want is a killer financial system (well, and a revolution in the music industry)

I've been building it one step at a time. With Bitshares you have the best new stock market and IPO system. Ethereum explores how to deploy smart contracts. What if we had efficient atomic cross chain pegging. Then you could link all those BitUSD together. If only there was a venture to bundle everything together

What would we need for such a venture? 

CharlesHoskinson's points about filling out the financial system with additional tools and levers are valid. Building in smart contracts to handle complex derivatives would be extremely valuable to developing nations and thriving powers.  In the financial game, managing risk is paramount, and smart contracts should allow for these additional layers of risk management. 

Should probably link the advertisement to bts-x, no?

edit: and maybe write "bitshares" under the logo?

welcome to the edge

Quote from: AsymmetricInformation on July 16, 2014, 08:25:20 pm

I just thought I would update everyone:

(1)  Although toast has expressed a desire to bang out a working version of this, he has been severely distracted by BtsX. The tentative arrangement we discussed did involve (at least) 20% of the Vote-ownership (not coin ownership, please see my presentation draft to learn more about this) going to AGS/PTS holders.

(2)  I am still working on Truthcoin in my spare time, and I may hire one or two freelancers to help. If so, I will feel less inclined to give away the ownership at all (as no one has been helping), or I may airdrop to Bitcoin for the superior network effects. In other words, it remains possible that AGS/PTS owners may "miss out" on their chance to own Truthcoin.

(3)  My feeling is that my project would be much simpler and faster to implement than BtsX (my understanding is that toast agrees). My personal opinion is also that it would be more successful. I would probably be happy if Bitsharestalk made a bunch of noise and diverted some developer talent here (or made some noise at Bitcointalk or something). As the project-owner, I unfortunately am in a bad position to make noise, as it appears selfish.

(4)  In general, I'm hoping that the devs at BTS will learn a lot from their BtsX experience and use that for my project.

AI, I hope I get to participate in some kind of sharedrop that you do; whether that's through PTS/AGS or BTC. I seriously doubt there's any chance you'll get the bitshares/invictus folks to divert energy from BTSX in the forseeable future. I mean, clearly, BTSX is bitshares/invictus. It's the first project idea they had, the reason they founded the company, and the only one (of their ideas) that people are terribly interested in.

I certainly hope you don't take it as a rebuff or an affront that they won't take time away from BTSX to work on your project, since BTSX is simply the thing that makes them what they are. It is my sincere hope that before too long you'll be able to get some bitshares devs working on your project. If you can't wait that long, then I wish you well and I'll keep an eye on truthcoin wherever it ends up.

A successful BTSX would fund this project.

Quote from: bytemaster on July 06, 2014, 06:59:22 pm

Seems like others are having a hard time keeping up with our latest developments as his recent article made no mention of DPOS.  That is perhaps a failure on our part.

V's response to DPOS:

[–]vbuterin 1 point 5 minutes ago
I would say its resistance to long-range NaS is the biggest concern, and that's dependent entirely on the implementation. Theoretically DPOS is something that could be layered onto any other PoS algorithm; it's actually a slightly higher-level construction than naive PoS, slasher, TaPoS, etc.

What is long-range NaS?

Can anyone that answers 'Yes.' explain why?

If BTS X reaches the point where $100 million in transaction fees are accrued yearly and $1 million is distributed to each delegate, then how will the delegate be likely to use his or her dividends?

1- Marketing his or her reputation? 

2 - Technological upgrades for the network?

3 - Funding for start-up DACs & Marketing promotions for ancillary DACs?

4 - Salaries / Bonuses?

5 - Charitable donations?